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One of the means to address climate change under the United Nation Framework Convention on Climate Change (“UNFCC”) and related legislation including the Paris Agreement is to stimulate the access to Climate Change Technologies (“CCT”) by developing countries through notably two mechanisms: the Technology Transfer Mechanism (“TTM”) and the Financial Mechanism (“FM”). These mechanisms heavily rely on the assumed ability of the private sector to innovate in CCT and its willingness to disseminate their inventions to developing countries. This emphasis is based on developed nations’ ownership of most CCT and starting in 2004, developing nations’ GHG emissions from energy use surpassed those of
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